| LoanFactz Information Site | Home | Definitions | Mortgage Calculators | Bookmark | Advertise | Site Map |
Auto Loan Learn the TermsCar TalkBelow are some terms you may hear when shopping for a new or used vehicle or auto loan. Some words may have more than one meaning. Only those meanings relating to this site will be used. Definitions A - Z
Manufacturer's Suggested Retail Price (MSRP) Also called list price or sticker price or monroney (involving or relating to money) sticker price. This is the sticker you see attached to a new vehicle's window. This label is required by federal law, and may be removed only by the purchaser. On this sticker is the manufacturer's suggested retail price (MSRP) which is the price the manufacturer thinks the new car should sell for, the base price, all standard equipment, the manufacturer's installed options, the manufacturer's transportation charge, and the car's fuel economy (mileage). Minimum Payment The smallest dollar amount you must pay, usually each month, on your loan account or credit card account. The minimum payment may cover interest only, or it may include both principal and interest. Monetary Involving or relating to money. Monthly Payment Amount The dollar amount due each month to repay the credit agreement. Motor Vehicle Record (MVR) A record that contains information about an automobile driver's traffic violations and accidents. Also called driver record or driving record. |
SCAMS & FRAUD Federal Laws Organizations Fannie MaeFreddie Mac Ginnie Mae Nellie Mae Sallie Mae Consumer Info Consumer TipsCredit Bureau Credit Insurance Credit Report Directory of Federal Agencies Federal Trade Commission (FTC) Identity Theft Predatory Lending Repair Your Bad Credit Truth in Lending Act Borrowers Beware Miscellaneous Private Mortgage Insurance (PMI)Prepayment Penalty Copyright & |
| Loanfactz.com Supporters | Home | Definitions | Mortgage Calculators | Bookmark | Advertise | Site Map |
| © Loanfactz.com Copyright 2004/2008 All Rights Reserved The information on this site is not a substitute for professional advice. Always consult a qualified professional about legal information. |